Tractor sales in Pakistan have dropped to the lowest level recorded in 22 years.
According to Topline Securities, tractor sales fell to 29,192 units in the fiscal year 2024-25, the lowest since FY03 (26,832 units).
The decline was driven by weaker farm economics, shown by a 21 percent YoY fall in wheat prices in FY25.
Both Millat and Al-Ghazi posted 22-year lows, recording 18,580 and 10,612 units in FY25, respectively.
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Government’s (provincial and federal) policies against agriculture, economy and development has a lot to do with this.